Co-op Bank to 'Bail In' Bondholders; JPM Expands and Contr...

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Co-op Bank 'Bails In' Bondholders: As part of its efforts to raise an additional $2.4 billion in capital, U.K. lender Co-operative Bank is asking subordinated bondholders to swap their debt securities for shares in the bank. "By requiring bondholders to exchange their debt securities for shares, Co-operative Bank is trying to avoid turning to the British government for help," Dealbook notes. Participation in the swap is currently voluntary. Analysts tell the Journal...